Airbnb turns to private equity to raise $1 billion

Airbnb turns to private equity to raise $1 billion

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/04/06/airbnb-turns-to-private-equity-to-raise-1-billion/

Airbnb said Monday that it has raised $1 billion in debt and equity from private equity firms Silver Lake and Sixth Street Partners, even as the online rental marketplace has seen its business plummet due to the COVID-19 pandemic.

Terms of the deal were not disclosed. It’s unclear how this funding might alter Airbnb’s previously shared plans to go public.